Understanding the Procurement Management Principles

By: Alpha Partners

NGN 105,000

The development and implementation of carefully crafted strategies for the acquisition of all goods, equipment, and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity. This workshop explores key concepts forming the basis of strategic procurement and more through leading edge issue that confront the purchasing organization today.

CONTENT:

General Principle of Procurement

The role of purchasing

Stage of the purchasing process

The impact of e- purchasing and internal relationships

Communications

Financial Analysis

Management of working capital

Cash flow forecasting

Capital expenditure and revenue expenditure

The danger of overtrading

Legal Aspects of Purchasing

Contract and sells of goods law

Sources of purchasing law

Law applicable to purchasing

Overview of other significant law and legislation

Negotiation

The negotiation process

Successful behaviors

Selected strategies and tactics

Role play to develop skills

Exploring and Developing Terms and Conditions

The form and structure of contracts

Performance incentive clauses

Risk allocation clauses

Specimen contractual terms.

For Whom: Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

This course is being run by ALPHA PARTNERS in collaboration with THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA, LAGOS MAINLAND DISTRICT.